Horse Race Betting - Don’t hold your horses

Horse races are often televised and just by looking, you get the impression of it being an elite sport. That is one of the factors that pushes people away from this thrilling, fast-paced sport, but if you are into it, you know that you are in for a special ride.​

People who visit the race tracks represent different backgrounds, including businesspeople and men and women from the middle-class.

These races serve as a great source of entertainment, as they do not take up most of your day and conclude within hours, sometimes even minutes, and offer great financial returns should you participate in horse race betting.

Thanks to technology, you can participate in online horse race betting and earn money from the comfort of your home.

Now, you might wonder about the legality of betting on horse races in India and we are here to tell you that it is completely legal, as the Indian Supreme Court has ruled that online horse race betting India has more to do with skill than just luck.

As a result, it has seen more people become invested in the sport and betting activities have skyrocketed, too.

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What is Horse Betting?

Basically, horse betting is betting on races ran by horses that are ridden by trained jockeys. The sport has existed in India over 200 years with the first racetrack established in then Madras, which carries out activities to this day.

Since then, eight other race courses have emerged, some of the most popular ones being Bangalore Turf Club, Royal Western India Turf Club, Delhi Race Club, and Mysore Race Club.

As previously stated, horse race betting in India is completely legal, since it has more to do with skills than luck and chance.

Bettors need to be wary of different aspects such as the jockey’s as well as the horses’ physical capabilities, which requires skills, and then devise strategies to accurately bet on a horse they think will win.

If you are willing to try your hand at online horse race betting in India, know that it requires investment of time and efforts to determine the path that you want to take with regards to betting. Preparation is the key to success and leaving the outcome to chance can backfire.

Brief History of Horse Racing Betting in India

Though it is not spoken or discussed with as much excitement as cricket or kabaddi, horse race shares a rich history as a beloved sport in India. Over time, the numbers of bettors and punters has grown significantly inviting them to become an active part of the betting process.

Horses were never native to India, but their numbers gradually rose when Persian fleets carrying horses landed here. Indian kings needed horses and riders, who could help them protect their kingdom against attacks by the enemy states.

As time passed and the potential of horses was learnt, the British colonial era rulers began using the animals as a means of entertainment, especially in sports. Like cricket and football, horse racing gained popularity, the first horse racing event happened at Guindy in Madras in 1777.

The time when horse racing was emerging as an active sport, it was accessible only to the wealthy class as kings and other royals, who owned horses, began their training. It eventually earned the moniker ‘sports of kings’.

As the sport gained popularity, bookmakers began to emerge, assisting bettors with their betting needs and financials. Once the government considered bookmakers as an illegal source, they were banned, which gave rise to the tote monopoly; it enabled even commoners to bet on horses.

Horse tracks began seeing hundreds and thousands of people attending to place bets on race days.

Today, in a much technologically advanced age, the middlemen have been removed as many online platforms have emerged that allow patrons to place bets without being physically present on the race track.

Horse Race Betting Strategies

It’s no secret that horse race betting involves risks, which is why crafting strategies is a crucial part of the process.

As a punter, it is your responsibility to keep a track of all upcoming races, the locations, the jockeys, the horses and all the recently concluded performances. Putting all the data together will help you analyse how you need to devise ideas or alter the current ones.

Research is key:

Before placing bets, ensure that you have all information related to the race at hand. Internet is a hub of statistics bringing you access to numbers such as training times and previous performances by a particular horse.

Apart from that, you will also have access to details about the racecourse as well as all the participating horses. These statistics will present an ideal scenario of how the race will potentially shape up. You can acquire details about the weather on race day, as they play a factor in the result of a race.

By putting all your research together, you can potentially earn a victory for your efforts.

Set a budget:

Money management is important, especially when you are new to online horse betting in India. When you are new at something, it takes time to learn the lay of the land; so, make sure that you do not blindly bet on horses.

Again, betting on horses has a lot to do with strategy than luck. See to it that you restrict the number of times you are allowed to lose. Stop once you reach that limit and reevaluate your options.

The fun experience, in turn, can become tense just as quick resulting in you incurring heavy financial losses.

Bet on multiple horses:

Mind you, placing a wager on multiple horses means winning the race at any cost, and not just a bet on a single horse.

It is considered a very profitable system, often referred to as the Dutch strategy, but is often overlooked as it involves maths. Through calculations, you can almost accurately predict the outcome of the races.

India Horse Race: Types of Horse Races

When it comes to the types of horse races in India, there are 4 in numbers – steeplechase, flat track racing, endurance racing, and harness racing.

Steeplechase:

Steeplechase is one of the most common horseraces on which punters bet. It involves fences as obstacles, which the horses need to jump while managed by their jockey.

Flat track racing:

Flat track horse racing dates back to Ancient Roman times with documents showing how widespread and accepted the sport was and the trend continues today in many countries. In this type of race, the horses race on either oval tracks or on turf surfaces over the distance of about 3 kilometeres.

Endurance racing:

Often considered similar to flat track racing, endurance racing is another ancient form of horse racing that is practiced even to this day. As the name suggest, this race is all about the endurance of the horse, as the race takes multiple days to complete with the horses running around 65-240 kilometres.

Harness racing:

The most unique form of horse racing, harness racing involves horses pulling their rider in a lightweight two-wheeled carriage. As opposed to jockey, the rider is referred to as driver in harness racing.

Best Tracks to Bet on Horse Racing in India

People, who have been betting on horse races in India, often talk about how much of a rave it is with race enthusiasts. Cities such as Kolkata, Mumbai and Bengaluru, to name a few, are home to some of the most beautiful horse tracks in India.

As a result, they are frequented by movie stars, business entrepreneurs as well as people of the business class to not only catch the action live, but also bet on the horses.

If you are considering venturing into the horse race betting scene, here are some of the best tracks to bet on in India, in no particular order –

Royal Western India Turf Club (RWITC):

The RWITC is responsible for hosting horse races in Pune and Mumbai. In Pune, you can attend the races from July to November, whereas in Mumbai, the races are organised between November and May.

Mysore Race Club:

Arguably the most beautiful race course in India, you will find the Mysore Race Club located in the foothills of the Chamundi Hills with the race season often being conducted between the months of August and October.

Royal Calcutta Turf Club:

Situated in Kolkata, the Royal Calcutta Turf Club is one of the oldest race tracks in India dating back to 1847. It organises races during monsoon from July to October and in winter from November to April.